Media Releases/Statements

The Securities Commission (SC) today launched the second and final phase of the Continuing Professional Education (CPE) programme. With the introduction of Phase 2, the CPE now applies to all capital market intermediaries licensed by the SC.

CPE Phase 1 was introduced in 2001 and only applicable to dealer’s representatives. With the implementation of Phase 2, the CPE will be extended to cover all other categories of licensed representatives including futures broker’s representatives, fund manager’s representatives, investment representatives, futures fund manager’s representatives and futures trading adviser’s representatives.

“Consistent with the Capital Market Masterplan, the CPE is aimed creating a culture of continuous learning and skill enhancement among licensed representatives in the Malaysian capital market,” said the SC Chairman, Datuk Ali Abdul Kadir.

Datuk Ali said continuing education plays a vital role in the pursuit of on-going technical knowledge and professional competence by licensed representatives in the Malaysian capital market

To ensure licensed representatives stay abreast of developments in their rapidly changing field, attendance of CPE-approved courses has been made a condition for licence renewal. Licensed representatives must undergo the programme and collect 20 CPE points if they wish to renew their licences.

The SC is granting an initial grace period of six months for compliance during this second phase of implementation and the CPE requirement will take effect from 1 July 2003. This means that CPE Phase 2 participants may begin collecting CPE points now (from the date of this announcement) and keep them for the purpose of one licence renewal after 1 July 2003.

Only CPE-approved courses offered by the CPE training providers will be recognized by the SC for the purpose of licence renewal. The CPE training calendar is available on the SC website (www.sc.com.my) as well as the Kuala Lumpur Stock Exchange website (www.klse.com.my).

A comprehensive booklet on CPE and CPE information brochure, both in Bahasa Malaysia and English, are available from the Securities Industry Development Centre (SIDC) Corporate Services.